Washington Monument

Blog | August 2009

Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.
Aug 31, 2009

Wash Post and FT Call For Medium-Term Deficit Reduction Plan

Recently, both the Washington Post (Bad-News Budget) and the Financial Times (Fiscal Challenges for a Recovering US) have written excellent...
Aug 30, 2009 | Budgets & Projections

So What Will the Deficit Really Be?

Last week, the Congressional Budget Office (CBO) released its updated Budget and Economic Outlook and the Office of Management and Budget (OMB) ...
Aug 26, 2009

NewsHour Budget Segment

MacGuineas, Guha, and Wessel on the NEWSHOUR, on the reappointment of Bernanke and the new budget numbers.
Aug 26, 2009 | Budgets & Projections

Put Another $2 Trillion on the Tab

CRFB released this report on OMB's Mid-Session Review. (We will soon release a more detailed analysis.) CBO provides a comparison chart between OMB...
Aug 24, 2009 | Budgets & Projections

OMB's Mid-Session Review Will Show Greater Ten-Year Deficits

Late Friday the White House conceded that ten-year deficits would total around $9 trillion, according to their estimates. This is $2 trillion greater...
Aug 24, 2009

Bernanke at Jackson Hole

The Fed is holding its annual summer retreat at Jackson Hole, Wyoming, which features Fed officials and outside experts discussing the critical...
Aug 21, 2009 | Social Security

Fiscal Space, Stimulus and Entitlement Cuts

Given the weak economy, how do we balance our need for economic stimulus now with our need to get our fiscal house in order to prevent the age and...
Aug 20, 2009 | Budgets & Projections

Mid-Session Review to Report Lower 2009 Deficit

August 20 - Next Tuesday the Office of Management and Budget (OMB) will release their Mid-Session Review of the budget. They plan to announce that...
Aug 19, 2009

Buffett Warns Against Rising Debt-to-GDP Ratio

Warren Buffett has written in the New York Times that significant levels of U.S. spending will prove to pose problems for our economy and currency...
Aug 18, 2009 | Budgets & Projections

Record Monthly and Yearly U.S. Deficit

August 18 - According to Bloomberg, last month's budget deficit hit a record $180.7 billion, higher than any month in U.S. history.Spending in July...

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